IT, Telecom earnings growth may slow down in Q2

The robust earnings, shown by corporate India in the first half of this year, may not sustain the momentum due to slowdown in performance of IT and telecom sectors, making it difficult to match the forcasted growth for the entire fiscal.

"The street expectation for corporate India of 34 per cent growth for the financial year 2007 seems stretched as incremental risks are emerging for key sectors, including IT services and telecom," says global equity research firm J P Morgan.

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